Author Redirects $40,000 Into Summer YOLO Fund as Startup Checks Shrink
Updated
Updated · Financial Samurai · Jun 29
Author Redirects $40,000 Into Summer YOLO Fund as Startup Checks Shrink
1 articles · Updated · Financial Samurai · Jun 29
Summary
$40,000 in freed-up cash became a “Summer YOLO Fund” after the author could place only $10,000 of a planned $50,000 into YC startups.
A filled round in one company and a $40 million cap in another derailed the original plan to write two $25,000 checks, leaving the money idle.
The shift is notable because the author says 27 years of saving 50% to 80% of income for FIRE made discretionary spending psychologically harder than investing.
July’s plan is to stop consulting and business meetings and spend on family experiences in Hawaii, with tentative items including $6,000 for dining and $2,500 for outings.
The episode reframes angel investing as a high-risk use of capital and casts the unspent money as a chance to convert wealth into present-day family memories.